To form a legally enforceable contract it requires (best I recall off the top of my head without researching so no warranty)
An Offer An Acceptance Consideration Capacity Legality
An Offer alone DOES NOT make a valid enforceable contract HOWEVER if an Offer is made and its Accepted and the other requirements are in place NOW WE HAVE A VALID LEGALLY ENFORCEABLE CONTRACT.
However as a practical matter as far as real estate sales contracts, A SELLER CAN BE FORCED BY LAW TO COMPLETE A HOME SALES CONTRACT, HOWEVER ITS A BIT TOUGH TO FORCE A PERSON TO BUY A HOME. Often if the buyer backs out the seller may retain the earnest money deposit.
AS I ALWAYS PREACH: Consult a local trained professional attorney and don't hang your hat on lay opinions offered on a tractor forum is my best advice.....
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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